” means a sale of securities which must be borrowed for delivery; 2“client” means a person who enters into an agreement to borrow money from a securities company for purchasing securities, or a person who

to other out-of-control wallets without client’ instructions. That actions incurred losses to others and public in violation of Section 85 of Digital Asset Businesses Law. It also violated Section 87

month, respectively, starting from December 25, 2015.  The SEC?s further inspection has revealed several defective core work systems of AEC, especially the Know-Your-Customer/Customer Due Diligence: KYC

Investors SEC and Investors Be Wary of Investment Fraud Investment Governance Code for Institutional Investors (I Code) SEC Help Center Resources for Investors fb Start-to-Invest Investor Alert Investor Alert

) Board governance structure: Requiring DA operators – except DA advisors and the DA operators holding client assets at an amount less than 500 million baht and having less than 10,000 clients – to appoint

client assets at an amount less than 500 million baht and having less than 10,000 clients – to appoint at least five members to the board of directors, and of this at least two board members shall be

-Your-Customer/Customer Due Diligence: KYC/CDD system, causing the company to be fined by the Settlement Committee at the amount of 1,101,000 baht. Moreover, the SEC has suspended approval of two AEC

reasons, as an additional report, which is approved by the company’s board or audit committee. The SEC is confident that business operators’ implementation of this manual would not only help them achieve

Rules for Custody of Customer Assets and Essential Details of Custody Agreement

every firm  passed the six key elements with highest average score in the area of client acceptance and continuance (A&C) where most firms already have in place engagement acceptance procedures that take